BANKAMERICA BUSINESS CREDIT, INC., as Agent and as Lender
00 Xxxx 00xx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
___________ __, 1995
EDISON BROTHERS STORES, INC.,
debtor-in-possession
EDISON BROTHERS APPAREL STORES, INC.,
debtor-in-possession
000 Xxxxx Xxxxxxxx
Xx. Xxxxx, Xxxxxxxx 00000
Re: Amendment to Loan Agreement dated as of November 9, 1995 (as amended,
restated, modified and supplemented from time to time, the "Loan
Agreement") by and among Edison Brothers Stores, Inc.,
debtor-in-possession ("Parent"), Edison Brothers Apparel Stores, Inc.,
debtor-in-possession ("Apparel", and together with Parent, jointly and
severally the "Borrower"), the Guarantors named therein, BankAmerica
Business Credit, Inc., as Agent (the "Agent") for the Lenders referred
to therein, and the Lenders
Gentlemen:
Reference is made to the (i) Loan Agreement referred to above; and (ii) the
Indemnification Agreement dated November 22, 1995 (as amended, modified and
supplemented from time to time, the "Indemnification Agreement") among the
Borrower, the Agent and Mercantile Bank of St. Louis National Association
("Mercantile"). Capitalized terms used but not defined herein shall have the
meaning set forth in the Loan Agreement.
The Borrowers have requested that the Loan Agreement be amended as set forth
below. Therefore, by their respective signatures below, the Borrower, the
Agent and the Lenders hereby agree that the Loan Agreement is hereby amended
as follows:
I.The definition of "Permitted Liens" as set forth in the Loan Agreement is
hereby amended by (x) relettering clause "(i)" thereof as clause "(j)"
thereof; and (y) inserting the following clause (i) therein:
"(i) Liens granted pursuant to an Agency Agreement to be entered
into between Parent and certain Guarantors on the one hand and Jubilee
Limited Partnership, Nassi Xxxxxxxxx Company, Inc. and Alco Capital Group,
Inc. or other merchandise liquidators on the other hand (such Agency
Agreement to be satisfactory to the Agent), in Inventory and proceeds
thereof of Parent and such Guarantors, located in the stores to be
identified in a list submitted to and acceptable to the Agent, such Liens
to secure an amount not to exceed $3,000,000; and".
II.The definition of "Restricted Investment" as set forth in the Loan
Agreement is hereby amended by (x) relettering clause "(f)" thereof as
clause "(g)" thereof; and (y) inserting the following clause (f) therein:
"(f) In connection with its agreement with The Aetna Casualty and
Surety Company ("Aetna"), deposits in a maximum amount of $3,000,000 in the
Aetna Money Market Fund to assure Aetna reimbursement by the Borrower of
payments to be made by Aetna under customs bonds issued by Aetna; and".
III.The definition of "Termination Date" as set forth in the Loan Agreement
is hereby amended by deleting clause (iv) thereof in its entirety and by
substituting therefor the following:
"(iv) the effective date of a plan of reorganization in the
Chapter 11 case that has been confirmed by the Bankruptcy Court".
IV.Section 4.1(b) of the Loan Agreement is hereby amended by deleting the
following therefrom: "(but subject as to distribution among the Lenders to
the provisions of the Inter- Lender Agreement)".
V.Section 13.2 of the Loan Agreement is hereby amended by deleting clause (c)
thereof and substituting therefor the following:
"(c) the definition of Availability shall only be effective if
evidenced by a writing signed by all Lenders and the Borrower".
VI.Section 13.3(a) of the Loan Agreement is hereby amended by (x) renumbering
clause (iii) thereof as clause (iv) and (y) inserting the following clause
(iii) therein:
"(iii) the aggregate amount of the Commitment of the assigning Lender
being assigned shall in no event be less than (A) in the case of an assignment
by a Lender to an assignee that is an existing Lender, $1,000,000 and
integral multiples of $1,000,000 in excess of that amount, and (B) in the
case of an assignment by a Lender to an assignee that is not an existing
Lender, $10,000,000 and integral multiples of $1,000,000 in excess of that
amount, provided, that in either such case the aggregate amount of the
Commitment of the assigning Lender being retained shall in no event be less
than $10,000,000, unless such Lender has assigned all of its rights and
obligations under this Agreement, and".
VII.The Borrower, the Agent and the Lender hereby agree and confirm that all
amounts paid by the Agent under the Indemnification Agreement (including
without limitation under paragraph 2 thereof) may be charged by the Agent to
the Loan Account of the Borrower pursuant to Section 4.2(b) of the Loan
Agreement.
Except as specifically set forth above, all terms and conditions of the
Loan Agreement remain in full force and effect.
This letter amendment may be executed by the parties hereto individually
or in combination, in one or more counterparts, each of which shall be in an
original and all of which shall constitute one and the same letter amendment.
Delivery of an executed counterpart of a signature page to this letter
amendment by telecopier shall be effective as delivery of a manually executed
counterpart of this letter amendment.
Very truly yours,
BANKAMERICA BUSINESS CREDIT, INC.,
as Agent and as Lender
By:______________________________
Title:
AGREED:
EDISON BROTHERS STORES, INC.,
a Debtor in Possession, as Borrower
and as a Guarantor
By: ______________________________________
Name:
Title:
EDISON BROTHERS APPAREL STORES, INC.,
a Debtor in Possession, as Borrower
and as a Guarantor
By: ______________________________________
Name:
Title:
EDISON BROTHERS SHOE STORES, INC.
EDISON PAYMASTER, INC.
EDISON BROTHERS REDEVELOPMENT CORPORATION
EDBRO MISSOURI REALTY COMPANY, INC.
EDISON ALABAMA STORES, INC.
EDISON ARKANSAS STORES, INC.
EDISON COLORADO STORES, INC.
EDISON BROTHERS COMPANY
EDISON HAWAII STORES, INC.
EDISON ILLINOIS STORES, INC.
EDISON KANSAS STORES, INC.
EDISON KENTUCKY STORES, INC.
EDISON LOUISIANA STORES, INC.
EDISON MARYLAND STORES, INC.
EDISON MASSACHUSETTS STORES, INC.
EDISON MICHIGAN STORES, INC.
EDISON MINNESOTA STORES, INC.
EDISON MISSISSIPPI STORES, INC.
EDISON NEBRASKA STORES, INC.
EDISON NEW JERSEY STORES, INC.
EDISON NEW MEXICO STORES, INC.
EDISON NEW YORK STORES, INC.
EDISON OHIO STORES, INC.
EDISON OKLAHOMA STORES, INC.
EDISON OREGON STORES, INC.
EDISON PENNSYLVANIA STORES, INC.
EDISON TENNESSEE STORES, INC.
EDISON TEXAS STORES, INC.
EDISON UTAH STORES, INC.
EDBRO OHIO REALTY, INC.
EBSS-MONTANA, INC.
EBSS-NORTH CENTRAL, INC.
EBSS-INDIANA, INC.
EBSS-IOWA, INC.
EBSS-KANSAS, INC.
EBSS-WISCONSIN, INC.
EBSS-NORTHEAST, INC.
EBSS-SOUTH, INC.
EBSS-MIDEAST, INC.
EBSS-MICHIGAN, INC.
EBSS-EAST, INC.
EBSS-OHIO, INC.
EBSS-PENNSYLVANIA, INC.
EBSS-TEXAS, INC.
EBSS-WEST, INC.
EDISON PUERTO RICO STORES, INC.
EBSCAT, INC.
XXXXXXX CLOTHES, INC.
Z&Z FASHIONS, LTD.
XXXXXXX-ROSSVILLE, INC.
EDISON BROTHERS MALL ENTERTAINMENT, INC.
HORIZON ENTERTAINMENT
TIME-OUT FAMILY AMUSEMENT CENTERS, INC.
TOFAC OF PUERTO RICO, INC.
EDISON BROTHERS STORES INTERNATIONAL, INC.
EDISUR, INC.
EBS HOLDINGS CORP.
SACHA SHOES LTD.
XXXXXX'X OF CALIFORNIA
XXXXXX XXXXXXXX WAREHOUSE, INC.
XXXXX XXXXXXXXXX XXX #0, INC.
EDBRO MISSOURI USG #2, INC.
XXXXX XXXXXXXXXX XXX #0, INC.
INDUSTRIAL DESIGN, INC.,
as debtors-in-possession and
as Guarantors
By:
Name:
Title:
for all Guarantors
BANKAMERICA BUSINESS CREDIT, INC., as Agent and as Lender
THE CIT GROUP/BUSINESS CREDIT INC., as Lender
FIRST NATIONAL BANK OF BOSTON, as Lender
XXXXXX FINANCIAL, INC., as Lender
IBJ XXXXXXXX BANK & TRUST COMPANY, as Lender
LASALLE BUSINESS CREDIT, INC., as Lender
PPM AMERICA, INC., as attorney-in-fact
for XXXXXXX NATIONAL LIFE INSURANCE COMPANY, as Lender
c/o BANKAMERICA BUSINESS CREDIT, INC.
00 Xxxx 00xx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
January __, 1996
EDISON BROTHERS STORES, INC.,
debtor-in-possession
EDISON BROTHERS APPAREL STORES, INC.,
debtor-in-possession
000 Xxxxx Xxxxxxxx
Xx. Xxxxx, Xxxxxxxx 00000
Re: Second Amendment to Loan Agreement dated as of November 9, 1995 (as
amended, restated, modified and supplemented from time to time, the
"Loan Agreement") by and among Edison Brothers Stores, Inc.,
debtor-in-possession ("Parent"), Edison Brothers Apparel Stores, Inc.,
debtor-in-possession ("Apparel", and together with Parent, jointly and
severally the "Borrower"), the Guarantors named therein, BankAmerica
Business Credit, Inc., as Agent (the "Agent") for the Lenders referred
to therein, and the Lenders
Ladies and Gentlemen:
Reference is made to the Loan Agreement referred to above. Capitalized terms
used but not defined herein shall have the meaning set forth in the Loan
Agreement.
The Borrower has advised the Agent and the Lenders pursuant to the Motion of
Debtors for Authorization to Return Certain Goods to Suppliers under Sections
105(a), 363(c) and 546(g) of the Bankruptcy Code, dated December 14, 1995
(the "Motion"), that the Borrower and certain subsidiaries intend to return
certain "Returnable Goods" (as defined in the Motion) with an approximate
aggregate cost of $628,976.50 to the respective vendors of such Returnable
Goods as described in the Motion (the "Returned Goods Transaction"). In
connection with the Returned Goods Transaction, the Borrower has requested
that the Loan Agreement be amended as set forth below. Therefore, by their
respective signatures below, the Borrower, the Agent and the Lenders hereby
agree that the Loan Agreement is hereby amended as follows:
1. Section 1.1 of the Loan Agreement is hereby amended to insert
the following definition after the definition of "Reportable Event"
appearing therein:
"Returned Goods Transaction" means the return by the Borrower and
certain subsidiaries to certain vendors of certain goods with an approximate
aggregate cost of $628,976.50, pursuant to and as described in the Motion of
Debtors for Authorization to Return Certain Goods to Suppliers under Sections
105(a), 363(c) and 546(g) of the Bankruptcy Code, dated December 14, 1995."
2. Section 9.6 of the Loan Agreement is hereby amended by
(a) renumbering clause (iv) therein as clause (v) and (b) inserting the
following clause (iv) therein:
"(iv) the Returned Goods Transaction, and"
Except as specifically set forth above, all terms and conditions of
the Loan Agreement remain infull force and effect.
This letter amendment will be effective upon (i) receipt by the Agent
of signature pages hereto signed by the Agent, the Borrower, the Guarantors
and the Majority Lenders and (ii) receipt by the Agent of a Bankruptcy Court
order approving the Motion, such order to be in form and substance satisfactory
to the Agent.
This letter amendment may be executed by the parties hereto
individually or in combination, in one or more counterparts, each of which
shall be in an original and all of which shall constitute one and the
same letter amendment.
Delivery of an executed counterpart of a signature page to this
letter amendment by telecopier shall be effective as delivery of a manually
executed counterpart of this letter amendment.
Very truly yours,
BANKAMERICA BUSINESS CREDIT, INC.,
as Agent and as Lender
By:______________________________
Title:
THE CIT GROUP/BUSINESS CREDIT INC.,
as Lender
By:_____________________________
Title:
FIRST NATIONAL BANK OF BOSTON,
as Lender
By:_____________________________
Title:
XXXXXX FINANCIAL, INC.,
as Lender
By:_____________________________
Title
IBJ XXXXXXXX BANK & TRUST COMPANY,
as Lender
By:_____________________________
Title:
LASALLE BUSINESS CREDIT, INC.,
as Lender
By:____________________________
Title:
PPM AMERICA, INC., as attorney-
in-fact for XXXXXXX NATIONAL
LIFE INSURANCE COMPANY, as Lender
By:_____________________________
Title:
AGREED:
EDISON BROTHERS STORES, INC.,
a Debtor in Possession, as Borrower
and as a Guarantor
By: ______________________________________
Name:
Title:
EDISON BROTHERS APPAREL STORES, INC.,
a Debtor in Possession, as Borrower
and as a Guarantor
By: ______________________________________
Name:
Title:
EDISON BROTHERS SHOE STORES, INC.
EDISON PAYMASTER, INC.
EDISON BROTHERS REDEVELOPMENT CORPORATION
EDBRO MISSOURI REALTY COMPANY, INC.
EDISON ALABAMA STORES, INC.
EDISON ARKANSAS STORES, INC.
EDISON COLORADO STORES, INC.
EDISON BROTHERS COMPANY
EDISON HAWAII STORES, INC.
EDISON ILLINOIS STORES, INC.
EDISON KANSAS STORES, INC.
EDISON KENTUCKY STORES, INC.
EDISON LOUISIANA STORES, INC.
EDISON MARYLAND STORES, INC.
EDISON MASSACHUSETTS STORES, INC.
EDISON MICHIGAN STORES, INC.
EDISON MINNESOTA STORES, INC.
EDISON MISSISSIPPI STORES, INC.
EDISON NEBRASKA STORES, INC.
EDISON NEW JERSEY STORES, INC.
EDISON NEW MEXICO STORES, INC.
EDISON NEW YORK STORES, INC.
EDISON OHIO STORES, INC.
EDISON OKLAHOMA STORES, INC.
EDISON OREGON STORES, INC.
EDISON PENNSYLVANIA STORES, INC.
EDISON TENNESSEE STORES, INC.
EDISON TEXAS STORES, INC.
EDISON UTAH STORES, INC.
EDBRO OHIO REALTY, INC.
EBSS-MONTANA, INC.
EBSS-NORTH CENTRAL, INC.
EBSS-INDIANA, INC.
EBSS-IOWA, INC.
EBSS-KANSAS, INC.
EBSS-WISCONSIN, INC.
EBSS-NORTHEAST, INC.
EBSS-SOUTH, INC.
EBSS-MIDEAST, INC.
EBSS-MICHIGAN, INC.
EBSS-EAST, INC.
EBSS-OHIO, INC.
EBSS-PENNSYLVANIA, INC.
EBSS-TEXAS, INC.
EBSS-WEST, INC.
EDISON PUERTO RICO STORES, INC.
EBSCAT, INC.
XXXXXXX CLOTHES, INC.
Z&Z FASHIONS, LTD.
XXXXXXX-ROSSVILLE, INC.
EDISON BROTHERS MALL ENTERTAINMENT, INC.
HORIZON ENTERTAINMENT
TIME-OUT FAMILY AMUSEMENT CENTERS, INC.
TOFAC OF PUERTO RICO, INC.
EDISON BROTHERS STORES INTERNATIONAL, INC.
EDISUR, INC.
EBS HOLDINGS CORP.
SACHA SHOES LTD.
XXXXXX'X OF CALIFORNIA
XXXXXX XXXXXXXX WAREHOUSE, INC.
XXXXX XXXXXXXXXX XXX #0, INC.
EDBRO MISSOURI USG #2, INC.
XXXXX XXXXXXXXXX XXX #0, INC.
INDUSTRIAL DESIGN, INC.,
as debtors-in-possession and
as Guarantors
By:
Name:
Title:
for all Guarantors
BANKAMERICA BUSINESS CREDIT, INC., as Agent and as Lender
THE CIT GROUP/BUSINESS CREDIT INC., as Lender
THE FIRST NATIONAL BANK OF BOSTON, as Lender
XXXXXX FINANCIAL, INC., as Lender
IBJ XXXXXXXX BANK & TRUST COMPANY, as Lender
LASALLE BUSINESS CREDIT, INC., as Lender
XXXXXXX NATIONAL LIFE INSURANCE COMPANY, as Lender
c/o BANKAMERICA BUSINESS CREDIT, INC.
00 Xxxx 00xx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
March 25, 1996
EDISON BROTHERS STORES, INC.,
debtor-in-possession
EDISON BROTHERS APPAREL STORES, INC.,
debtor-in-possession
000 Xxxxx Xxxxxxxx
Xx. Xxxxx, Xxxxxxxx 00000
Re: Third Amendment to Loan Agreement dated as of November 9, 1995
(as amended, restated, modified and supplemented from time to time,
the "Loan Agreement") by and among Edison Brothers Stores, Inc.,
debtor-in-possession ("Parent"), Edison Brothers Apparel Stores, Inc.,
debtor-in-possession ("Apparel", and together with Parent, jointly
and severally the "Borrower"), the Guarantors named therein,
BankAmerica Business Credit, Inc., as Agent (the "Agent") for the
Lenders referred to therein, and the Lenders
Ladies and Gentlemen:
Reference is made to the Loan Agreement referred to above. Capitalized
terms used but not defined herein shall have the meaning set forth in the
Loan Agreement.
The Borrower has advised the Agent and the Lenders that it desires to invest
(i) certain funds (the "Horizon Investment") with Pacific Horizon Funds, Inc.
("Horizon"), an affiliate of the Agent and an operator of mutual funds; and
(ii) certain funds in United States Treasury obligations (the "United States
Treasury Investment", and together with the Horizon Investment, the
"Investments"). In connection with the Investments and certain other matters,
the Borrower has requested that the Loan Agreement be amended as set forth
below. Therefore, by their respective signatures below, the Borrower, the
Agent and the Lenders agree as follows:
VIII.The definition of "Availability" in Section 1.1 of the Loan Agreement
is hereby amended by amending clause (i)(B)(y) thereof to read in its
entirety as follows: "ninety-five percent (95%) of the sum of (i) the amount
of cash deposited with Agent (which may be invested by the Agent in
investments permitted under the definition of "Restricted Investment") and
(ii) without duplication of amounts set forth in the foregoing clause (i),
the amount of cash invested by the Borrower in investments permitted under
clause "(c)," "(d)," "(e)," and/or clause "(f)" of the definition of
"Restricted Investment", in each case pursuant to one or more agreements (and
any necessary Bankruptcy Court order) in form and substance satisfactory to
the Agent (including, without limitation, an agreement that all withdrawals
or redemptions of such investments be remitted only to the Agent), minus".
IX.The definition of "Eligible Inventory" in Section 1.1 of the Loan
Agreement is hereby amended by inserting the words "Puerto Rico, The United
States Virgin Islands," immediately after the words "continental United
States,".
X.The definition of "Restricted Investment" in Section 1.1 of the Loan
Agreement is hereby amended by redesignating paragraph (f) therein as
paragraph (g) and by inserting the following new paragraph (f):
"(f) if no Revolving Loans are outstanding at the time of the acquisition,
and no Event or Event of Default has occurred and is continuing, investments
in mutual funds acceptable to the Agent that invest solely in
investments described in clauses "(c)," "(d)" and/or "(e)" of the definition
of "Restricted Investment".
XI.The Borrower hereby represents and warrants to the Agent that the
Investments have been authorized by all necessary corporate action of the
Parent and by all necessary Bankruptcy Court approvals.
XII.The Agent and the Lenders agree that the Application attached hereto as
Exhibit A and the Letter Agreement attached hereto as Exhibit B are
satisfactory agreements with respect to the Horizon Investment. The
Borrower, the Agent and the Lenders agree that (a) at all times prior to an
Event or Event of Default, the Agent shall follow all reasonable written
instructions of the Borrower with respect to the Investments (provided,
however, that all distributions, redemptions and/or payments of any kind
(whether in cash or other consideration) with respect to the Investments
shall at all times be delivered to the Agent) and (b) at all times on and
after an Event or Event of Default, the Agent shall be authorized to direct
the Borrower and/or any other person to liquidate the Investments. The
Borrower hereby agrees to execute and deliver all instruments and other
documents requested by the Agent in furtherance of this paragraph 5,
including, at the request of the Agent, an irrevocable power of attorney in
favor of the Agent.
Except as specifically set forth above, all terms and conditions of the
Loan Agreement remain in full force and effect.
This letter amendment will be effective upon receipt by the Agent of
signature pages hereto signed by the Agent, the Borrower, the Guarantors
and the Lenders.
This letter amendment may be executed by the parties hereto individually
or in combination, in one or more counterparts, each of which shall be
in an original and all of which shall constitute one and the
same letter amendment.
Delivery of an executed counterpart of a signature page to this letter
amendment by telecopier shall be effective as delivery of a manually
executed counterpart of this letter amendment.
Very truly yours,
BANKAMERICA BUSINESS CREDIT, INC.,
as Agent and as Lender
By:______________________________
Title:
THE CIT GROUP/BUSINESS CREDIT INC.,
as Lender
By:_____________________________
Title:
XXXXXX FINANCIAL, INC.,
as Lender
By:_____________________________
Title
IBJ XXXXXXXX BANK & TRUST COMPANY,
as Lender
By:_____________________________
Title:
LASALLE BUSINESS CREDIT, INC.,
as Lender
By:____________________________
Title:
PPM AMERICA, INC., as attorney-
in-fact for XXXXXXX NATIONAL
LIFE INSURANCE COMPANY,
as Lender
By:_____________________________
Title:
THE FIRST NATIONAL BANK OF BOSTON,
as Lender
By:____________________________
Title:
AGREED:
EDISON BROTHERS STORES, INC.,
a Debtor in Possession, as Borrower
and as a Guarantor
By: ______________________________________
Name:
Title:
EDISON BROTHERS APPAREL STORES, INC.,
a Debtor in Possession, as Borrower
and as a Guarantor
By: ______________________________________
Name:
Title:
EDISON BROTHERS SHOE STORES, INC.
EDISON PAYMASTER, INC.
EDISON BROTHERS REDEVELOPMENT CORPORATION
EDBRO MISSOURI REALTY COMPANY, INC.
EDISON ALABAMA STORES, INC.
EDISON ARKANSAS STORES, INC.
EDISON COLORADO STORES, INC.
EDISON BROTHERS COMPANY
EDISON HAWAII STORES, INC.
EDISON ILLINOIS STORES, INC.
EDISON KANSAS STORES, INC.
EDISON KENTUCKY STORES, INC.
EDISON LOUISIANA STORES, INC.
EDISON MARYLAND STORES, INC.
EDISON MASSACHUSETTS STORES, INC.
EDISON MICHIGAN STORES, INC.
EDISON MINNESOTA STORES, INC.
EDISON MISSISSIPPI STORES, INC.
EDISON NEBRASKA STORES, INC.
EDISON NEW JERSEY STORES, INC.
EDISON NEW MEXICO STORES, INC.
EDISON NEW YORK STORES, INC.
EDISON OHIO STORES, INC.
EDISON OKLAHOMA STORES, INC.
EDISON OREGON STORES, INC.
EDISON PENNSYLVANIA STORES, INC.
EDISON TENNESSEE STORES, INC.
EDISON TEXAS STORES, INC.
EDISON UTAH STORES, INC.
EDBRO OHIO REALTY, INC.
EBSS-MONTANA, INC.
EBSS-NORTH CENTRAL, INC.
EBSS-INDIANA, INC.
EBSS-IOWA, INC.
EBSS-KANSAS, INC.
EBSS-WISCONSIN, INC.
EBSS-NORTHEAST, INC.
EBSS-SOUTH, INC.
EBSS-MIDEAST, INC.
EBSS-MICHIGAN, INC.
EBSS-EAST, INC.
EBSS-OHIO, INC.
EBSS-PENNSYLVANIA, INC.
EBSS-TEXAS, INC.
EBSS-WEST, INC.
EDISON PUERTO RICO STORES, INC.
EBSCAT, INC.
XXXXXXX CLOTHES, INC.
Z&Z FASHIONS, LTD.
XXXXXXX-ROSSVILLE, INC.
EDISON BROTHERS MALL ENTERTAINMENT, INC.
HORIZON ENTERTAINMENT
TIME-OUT FAMILY AMUSEMENT CENTERS, INC.
TOFAC OF PUERTO RICO, INC.
EDISON BROTHERS STORES INTERNATIONAL, INC.
EDISUR, INC.
EBS HOLDINGS CORP.
SACHA SHOES LTD.
XXXXXX'X OF CALIFORNIA
XXXXXX XXXXXXXX WAREHOUSE, INC.
XXXXX XXXXXXXXXX XXX #0, INC.
EDBRO MISSOURI USG #2, INC.
XXXXX XXXXXXXXXX XXX #0, INC.INDUSTRIAL DESIGN, INC.,
as debtors-in-possession and
as Guarantors
By:
Name:
Title:
for all Guarantors
Exhibit A
Form of application
Exhibit B
Form of Letter Agreement
BANKAMERICA BUSINESS CREDIT, INC., as Agent and as Lender
THE CIT GROUP/BUSINESS CREDIT INC., as Lender
THE FIRST NATIONAL BANK OF BOSTON, as Lender
XXXXXX FINANCIAL, INC., as Lender
IBJ XXXXXXXX BANK & TRUST COMPANY, as Lender
LASALLE BUSINESS CREDIT, INC., as Lender
XXXXXXX NATIONAL LIFE INSURANCE COMPANY, as Lender
c/o BANKAMERICA BUSINESS CREDIT, INC.
00 Xxxx 00xx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
As of April 12, 1996
EDISON BROTHERS STORES, INC.,
debtor-in-possession
EDISON BROTHERS APPAREL STORES, INC.,
debtor-in-possession
000 Xxxxx Xxxxxxxx
Xx. Xxxxx, Xxxxxxxx 00000
Re: Fourth Amendment to Loan Agreement dated as of November 9, 1995 (as
amended, restated, modified and supplemented from time to time, the
"Loan Agreement") by and among Edison Brothers Stores, Inc.,
debtor-in-possession ("Parent"), Edison Brothers Apparel Stores, Inc.,
debtor-in-possession ("Apparel", and together with Parent, jointly and
severally the "Borrower"), the Guarantors named therein, BankAmerica
Business Credit, Inc., as Agent (the "Agent") for the Lenders referred
to therein, and the Lenders
Ladies and Gentlemen:
Reference is made to the Loan Agreement referred to above. Capitalized terms
used but not defined herein shall have the meaning set forth in the Loan
Agreement.
The Borrower has advised the Agent and the Lenders that the federal trademark
registrations held by the Parent with respect to the "Sacha" and "Sacha
London" trademarks (collectively, the "Sacha Trademarks") have expired and
that the Parent desires to (i) create a new Subsidiary of the Parent,
proposed to be named Edison Transaction, Ltd. (the "UK Subsidiary"), such UK
Subsidiary to be organized under the laws of England; and (ii) cause the UK
Subsidiary to register the Sacha Trademarks with the United States Patent
and Trademark Office and such other governmental agencies as the UK
Subsidiary shall deem appropriate. The Borrower has further advised the
Agent and the Lenders that it intends to sell the Sacha Trademarks promptly
after the registration of such Sacha Trademarks with such governmental
authorities and that the proceeds of such sale shall be promptly paid as a
dividend to the Parent.
The creation of the UK Subsidiary would require an amendment of (i) Section
8.5 of the Loan Agreement, which contains a representation regarding
Subsidiaries of the Borrower and (ii) Section 9.17 of the Loan Agreement,
which restricts the creation of new Subsidiaries by the Loan Parties.
The Borrower has requested that the Agent and the Majority Lenders agree to
amend the Loan Agreement to permit the creation of the UK Subsidiary. The
Agent and the Majority Lenders have, subject to the terms and conditions
hereof, agreed to so amend the Loan Agreement.
By their respective signatures below, the Borrower, the Guarantors, the Agent
and the Majority Lenders hereby agree that the Loan Agreement shall be
amended by:
1. Adding the information set forth on Schedule A hereto to
Schedule 8.5 of the Loan Agreement.
2. Deleting such Section 9.17 in its entirety and substituting, in
lieu thereof, the following:
SECTION 9.17 New Subsidiaries. The Borrower shall not, directly or
indirectly, organize or acquire any Subsidiary other than (i) those existing on
the Closing Date and (ii) Edison Transaction, Ltd. (the "UK Subsidiary"), a
corporation organized under the laws of England and formed solely for the
purpose of registering with the United States Patent and Trademark Office
the "Sacha" and "Sacha London" Trademarks (the "Sacha Trademarks") to be
transferred by the Parent to the UK Subsidiary; provided, however, that the UK
Subsidiary shall own no assets, engage in no business activity of any kind
(other than the ownership, registration and sale of the Sacha Trademarks) and
incur no indebtedness or liabilities of any nature; and provided, further,
that the proceeds of the sale of the Sacha Trademarks by the UK Subsidiary
shall be paid as a dividend to Edison Brothers and shall be applied as
required pursuant to Section 6.10 of the Loan Agreement.
This letter amendment shall be effective upon receipt by the Agent of (i)
drafts of all organizational documents to be in existence with respect to
the UK Subsidiary, as certified by the UK Subsidiary and the Borrower and
(ii) signature pages hereto signed by the Agent, the Borrower, the Guarantors
and the Majority Lenders.
Except as specifically set forth above, all terms and conditions of the Loan
Agreement remain in full force and effect.
This letter amendment may be executed by the parties hereto individually or in
combination, in one or more counterparts, each of which shall be an original
and all of which shall constitute one and the same letter amendment.
Delivery of an executed counterpart of a signature page to this letter
amendment by telecopier shall be effective as delivery of a manually
executed counterpart of this letter amendment.
Very truly yours,
BANKAMERICA BUSINESS CREDIT, INC.,
as Agent and as Lender
By:______________________________
Title:
THE CIT GROUP/BUSINESS CREDIT INC.,
as Lender
By:_____________________________
Title:
XXXXXX FINANCIAL, INC.,
as Lender
By:_____________________________
Title
IBJ XXXXXXXX BANK & TRUST COMPANY,
as Lender
By:_____________________________
Title:
LASALLE BUSINESS CREDIT, INC.,
as Lender
By:____________________________
Title:
PPM AMERICA, INC., as attorney-
in-fact for XXXXXXX NATIONAL
LIFE INSURANCE COMPANY,
as Lender
By:_____________________________
Title:
THE FIRST NATIONAL BANK OF BOSTON,
as Lender
By:_____________________________
Title:
AGREED:
EDISON BROTHERS STORES, INC.,
a Debtor in Possession, as Borrower
and as a Guarantor
By: ______________________________________
Name:
Title:
EDISON BROTHERS APPAREL STORES, INC.,
a Debtor in Possession, as Borrower
and as a Guarantor
By: ______________________________________
Name:
Title:
EDISON BROTHERS SHOE STORES, INC.
EDISON PAYMASTER, INC.
EDISON BROTHERS REDEVELOPMENT CORPORATION
EDBRO MISSOURI REALTY COMPANY, INC.
EDISON ALABAMA STORES, INC.
EDISON ARKANSAS STORES, INC.
EDISON COLORADO STORES, INC.
EDISON BROTHERS COMPANY
EDISON HAWAII STORES, INC.
EDISON ILLINOIS STORES, INC.
EDISON KANSAS STORES, INC.
EDISON KENTUCKY STORES, INC.
EDISON LOUISIANA STORES, INC.
EDISON MARYLAND STORES, INC.
EDISON MASSACHUSETTS STORES, INC.
EDISON MICHIGAN STORES, INC.
EDISON MINNESOTA STORES, INC.
EDISON MISSISSIPPI STORES, INC.
EDISON NEBRASKA STORES, INC.
EDISON NEW JERSEY STORES, INC.
EDISON NEW MEXICO STORES, INC.
EDISON NEW YORK STORES, INC.
EDISON OHIO STORES, INC.
EDISON OKLAHOMA STORES, INC.
EDISON OREGON STORES, INC.
EDISON PENNSYLVANIA STORES, INC.
EDISON TENNESSEE STORES, INC.
EDISON TEXAS STORES, INC.
EDISON UTAH STORES, INC.
EDBRO OHIO REALTY, INC.
EBSS-MONTANA, INC.
EBSS-NORTH CENTRAL, INC.
EBSS-INDIANA, INC.
EBSS-IOWA, INC.
EBSS-KANSAS, INC.
EBSS-WISCONSIN, INC.
EBSS-NORTHEAST, INC.
EBSS-SOUTH, INC.
EBSS-MIDEAST, INC.
EBSS-MICHIGAN, INC.
EBSS-EAST, INC.
EBSS-OHIO, INC.
EBSS-PENNSYLVANIA, INC.
EBSS-TEXAS, INC.
EBSS-WEST, INC.
EDISON PUERTO RICO STORES, INC.
EBSCAT, INC.
XXXXXXX CLOTHES, INC.
Z&Z FASHIONS, LTD.
XXXXXXX-ROSSVILLE, INC.
EDISON BROTHERS MALL ENTERTAINMENT, INC.
HORIZON ENTERTAINMENT
TIME-OUT FAMILY AMUSEMENT CENTERS, INC.
TOFAC OF PUERTO RICO, INC.
EDISON BROTHERS STORES INTERNATIONAL, INC.
EDISUR, INC.
EBS HOLDINGS CORP.
SACHA SHOES LTD.
XXXXXX'X OF CALIFORNIA
XXXXXX XXXXXXXX WAREHOUSE, INC.
XXXXX XXXXXXXXXX XXX #0, INC.
EDBRO MISSOURI USG #2, INC.
XXXXX XXXXXXXXXX XXX #0, INC.
INDUSTRIAL DESIGN, INC.,
as debtors-in-possession and
Guarantors
By:
Name:
Title:
for all Guarantors
Schedule A to Fourth Amendment
(Information to be added to Schedule 8.5
of Loan Agreement
BANKAMERICA BUSINESS CREDIT, INC., as Agent and as Lender
THE CIT GROUP/BUSINESS CREDIT INC., as Lender
THE FIRST NATIONAL BANK OF BOSTON, as Lender
XXXXXX FINANCIAL, INC., as Lender
IBJ XXXXXXXX BANK & TRUST COMPANY, as Lender
LASALLE BUSINESS CREDIT, INC., as Lender
XXXXXXX NATIONAL LIFE INSURANCE COMPANY, as Lender
c/o BANKAMERICA BUSINESS CREDIT, INC.
00 Xxxx 00xx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
September __, 1996
EDISON BROTHERS STORES, INC.,
debtor-in-possession
EDISON BROTHERS APPAREL STORES, INC.,
debtor-in-possession
000 Xxxxx Xxxxxxxx
Xx. Xxxxx, Xxxxxxxx 00000
Re: Fifth Amendment to Loan Agreement dated as of November 9, 1995 (as
amended, restated, modified and supplemented from time to time, the
"Loan Agreement") by and among Edison Brothers Stores, Inc.,
debtor-in-possession ("Parent"), Edison Brothers Apparel Stores, Inc.,
debtor-in-possession ("Apparel", and together with Parent, jointly and
severally the "Borrower"), the Guarantors named therein, BankAmerica
Business Credit, Inc., as Agent (the "Agent") for the Lenders referred
to therein, and the Lenders
Ladies and Gentlemen:
Reference is made to the Loan Agreement referred to above. Capitalized
terms used but not defined herein shall have the meaning set forth in the
Loan Agreement.
The Borrower has requested that the Agent and the Lenders agree to amend
the Loan Agreement to, inter alia, (i) modify the definition of "Restricted
Investments" contained therein; and (ii) modify the timetable for delivery
of certain monthly financial statements under Section 7.2(c) of the Loan
Agreement. Therefore, by their respective signatures below, the Borrower,
the Agent and the Lenders agree as follows:
XIII. The definition of "Availability" in Section 1.1 of the Loan
Agreement is hereby amended by amending clause (i)(B)(y) thereof to read in
its entirety as follows: "ninety-five percent (95%) of the sum of (i) the
amount of cash deposited with Agent (which may be invested by the Agent in
investments permitted under the definition of "Restricted Investment") and
(ii) without duplication of amounts set forth in the foregoing clause (i),
the amount of cash invested by the Borrower in investments permitted under
clause "(c)," "(d)," "(e)," and/or clause "(f)" of the definition of
"Restricted Investment" (provided, however, that for the purposes of this
clause (i)(B)(y)(ii) the investments under clause "(f)" referred to above
shall be restricted to investments in mutual funds acceptable to the Agent
that invest solely in investments described in clauses "(c)," "(d)" and/or
"(e)" of the definition of "Restricted Investment"), in each case pursuant
to one or more agreements (and any necessary Bankruptcy Court order) in
form and substance satisfactory to the Agent (including, without
limitation, an agreement that all withdrawals or redemptions of such
investments be remitted only to the Agent), minus".
XIV. The definition of "Obligations" is hereby amended by adding the words
"or in connection with any foreign exchange forward contracts arranged by
the Agent or any Lender" immediately after the words "arising under this
Agreement, any Loan Document or the Pre-Petition Loan Documents" contained
therein.
XV. The definition of "Restricted Investment" in Section 1.1 of the Loan
Agreement is hereby amended by deleting such definition in its entirety and
by substituting, in lieu thereof, the following:
" Restricted Investment' means any acquisition of Property by any
Loan Party or any of its Subsidiaries in exchange for cash or other
Property, whether in the form of an acquisition of stock, indebtedness or
other obligation, or by loan, advance, capital contribution, or otherwise,
except the following:
(a) Property to be used in the business of the
Borrower and its Subsidiaries and other investments existing on the
Closing Date as reflected in the Financial Statements of the Parent
and its Subsidiaries referred to in Section 8.6(b);
(b) current assets arising from the sale or lease of
goods or rendition of services in the ordinary course of business of
the Parent and its Subsidiaries;
(c) if no Revolving Loans are outstanding at the time
of the acquisition and no Event or Event of Default has occurred and
is continuing, direct obligations of the United States of America, or
any agency thereof, or obligations guaranteed by the United States of
America, provided that such obligations mature within one year from
the date of acquisition thereof and provided further that on the date
of acquisition thereof there shall exist an active secondary market
with respect to such obligations;
(d) if no Revolving Loans are outstanding at the time
of the acquisition and no Event or Event of Default has occurred and
is continuing, certificates of deposit, bankers acceptances, bank
holding company commercial paper, time deposits, or overnight bank
deposits, in each case maturing within one year from the date of
acquisition, and issued by, created by, or with (i) a bank or trust
company organized under the laws of the United States or any state
thereof, (ii) a foreign branch of a bank or trust company organized
under the laws of the United States or any state thereof, or (iii) a
branch located in the United States of a bank or trust company
organized outside of the United States, in each instance having
capital and surplus aggregating at least $100,000,000 and a long-term
debt rating greater than or equal to A (or its equivalent) as listed
by either Standard and Poor's Corporation or Xxxxx'x Investors
Service; provided, however, that no investment with respect to any
bank or trust company permitted under this clause (d) may, (x) when
aggregated with all other investments permitted under this clause (d),
exceed an aggregate of $20,000,000 or (y) when aggregated with all
other investments permitted under the clause (d) with respect to such
bank or trust company, exceed five-percent (5%) of the combined
capital and surplus of such bank or trust company;
(e) if no Revolving Loans are outstanding at the time
of the acquisition, and no Event or Event of Default has occurred and is
continuing, commercial paper issued by corporations organized under the
laws of the United States or any State thereof or by a corporation
qualified to do business under the laws of the United States or any state
thereof, in each case given a commercial paper rating of A-1 or P-1 as
listed either by Standard and Poor's Corporation or Xxxxx'x Investors
Service and issued by an issuer with a long-term debt rating of A or
greater, as listed by either Standard and Poor's Corporation or Moody's
Investor's Service; provided, however, that such commercial paper shall not
mature more than 270 days from the date of creation thereof; and provided,
further, that the aggregate investment per issuer permitted under this
clause (e) shall not exceed $20,000,000.
(f) if no Revolving Loans are outstanding at the time
of the acquisition, and no Event or Event of Default has occurred and is
continuing, investments in professionally managed institutional money-market
mutual funds which comply with SEC Rule 2a-7, provided, however,
that such funds must also (x) be listed in IBC/Xxxxxxxx'x First-Tier
Institutions-Only category; (y) be in existence for at least three years
and (z) have total average assets (for all share classifications) under
management equal to or greater than $2,000,000,000;
(g) if no Revolving Loans are outstanding at the time
of acquisition, and no Event or Event of Default has occurred and is
continuing, repurchase agreements with respect to investments permitted
under clauses (c), (d) and (e) above, provided, however, that Borrower
shall, directly or through its agents or custodians, take physical
possession of any certificated securities that are subject to the
repurchase agreement or appropriate book-entries shall be made with respect
to non-certificated securities that are subject to the repurchase
agreement; provided, further, that the term of any such repurchase
agreement shall not exceed seven (7) days; and provided, further, that the
aggregate investment per issuer permitted under this clause (g) shall not
exceed an aggregate of $5,000,000;
(h) loans made by a Borrower or any Subsidiary to a
Borrower or another Subsidiary permitted under Section 9.10(g) or Section
9.10(h)."
XVI. Section 7.2(c) of the Loan Agreement is hereby amended by deleting the
words "not later than twenty-five (25) days after the close of each fiscal
month of the Parent" and by substituting, in lieu thereof, the words "not
later than the due date indicated on Schedule 7.2(c) hereto with respect to
each fiscal month of the Parent".
XVII. Schedule 7.2(c) to this Amendment shall be added as Schedule
7.2(c) to the Loan Agreement.
XVIII. The Borrower hereby represents and warrants to the Agent and the
Lenders that (i) the execution, delivery and performance of this letter
amendment has been authorized by all necessary corporate action of the
Parent and its Subsidiaries and by all necessary Bankruptcy Court
approvals; and (ii) neither the Parent nor any of its Subsidiaries shall
acquire any Property in exchange for cash or other Property, whether in the
form of an acquisition of stock, indebtedness or other obligation, or by
loan, advance, capital contribution or otherwise (each of the foregoing, an
"Investment") unless such Investment (x) is permitted by the terms of the
Loan Agreement and (y) shall have been duly authorized by all necessary
corporate action of the Parent and its Subsidiaries and by all necessary
Bankruptcy Court approvals.
XIX. The Borrower, the Agent and the Lenders agree that (a) at all times
prior to an Event or Event of Default, the Agent shall follow all
reasonable written instructions of the Borrower with respect to the
Investments (provided, however, that all distributions, redemptions and/or
payments of any kind (whether in cash or other consideration) with respect
to the Investments shall at all times be delivered to the Agent) and (b) at
all times on and after an Event or Event of Default, so long as any
Obligations shall be outstanding (including, without limitation, Loans,
Letters of Credit or any other amounts), the Agent shall be authorized to
direct the Borrower and/or any other person to liquidate the Investments to
the extent necessary to provide cash collateral in an amount equal to such
outstanding Obligations. The Borrower hereby agrees to execute and deliver
all instruments and other documents requested by the Agent in furtherance
of this paragraph 7 including, at the request of the Agent, an irrevocable
power of attorney in favor of the Agent.
Except as specifically set forth above, all terms and conditions
of the Loan Agreement remain in full force and effect.
This letter amendment will be effective upon receipt by the Agent
of signature pages hereto signed by the Agent, the Borrower, the Guarantors
and the Lenders.
This letter amendment may be executed by the parties hereto
individually or in combination, in one or more counterparts, each of which
shall be in an original and all of which shall constitute one and the same
letter amendment.
Delivery of an executed counterpart of a signature page to this
letter amendment by telecopier shall be effective as delivery of a manually
executed counterpart of this letter amendment.
Very truly yours,
BANKAMERICA BUSINESS CREDIT, INC.,
as Agent and as Lender
By:______________________________
Title:
THE CIT GROUP/BUSINESS CREDIT INC.,
as Lender
By:_____________________________
Title:
XXXXXX FINANCIAL, INC.,
as Lender
By:_____________________________
Title
IBJ XXXXXXXX BANK & TRUST COMPANY,
as Lender
By:_____________________________
Title:
LASALLE BUSINESS CREDIT, INC.,
as Lender
By:____________________________
Title:
PPM AMERICA, INC., as attorney-
in-fact for XXXXXXX NATIONAL
LIFE INSURANCE COMPANY,
as Lender
By:_____________________________
Title:
THE FIRST NATIONAL BANK OF BOSTON,
as Lender
By:____________________________
Title:
AGREED:
EDISON BROTHERS STORES, INC.,
a Debtor in Possession, as Borrower
and as a Guarantor
By: ______________________________________
Name:
Title:
EDISON BROTHERS APPAREL STORES, INC.,
a Debtor in Possession, as Borrower
and as a Guarantor
By: ______________________________________
Name:
Title:
EDISON BROTHERS SHOE STORES, INC.
EDISON PAYMASTER, INC.
EDISON BROTHERS REDEVELOPMENT CORPORATION
EDBRO MISSOURI REALTY COMPANY, INC.
EDISON ALABAMA STORES, INC.
EDISON ARKANSAS STORES, INC.
EDISON COLORADO STORES, INC.
EDISON BROTHERS COMPANY
EDISON HAWAII STORES, INC.
EDISON ILLINOIS STORES, INC.
EDISON KANSAS STORES, INC.
EDISON KENTUCKY STORES, INC.
EDISON LOUISIANA STORES, INC.
EDISON MARYLAND STORES, INC.
EDISON MASSACHUSETTS STORES, INC.
EDISON MICHIGAN STORES, INC.
EDISON MINNESOTA STORES, INC.
EDISON MISSISSIPPI STORES, INC.
EDISON NEBRASKA STORES, INC.
EDISON NEW JERSEY STORES, INC.
EDISON NEW MEXICO STORES, INC.
EDISON NEW YORK STORES, INC.
EDISON OHIO STORES, INC.
EDISON OKLAHOMA STORES, INC.
EDISON OREGON STORES, INC.
EDISON PENNSYLVANIA STORES, INC.
EDISON TENNESSEE STORES, INC.
EDISON TEXAS STORES, INC.
EDISON UTAH STORES, INC.
EDBRO OHIO REALTY, INC.
EBSS-MONTANA, INC.
EBSS-NORTH CENTRAL, INC.
EBSS-INDIANA, INC.
EBSS-IOWA, INC.
EBSS-KANSAS, INC.
EBSS-WISCONSIN, INC.
EBSS-NORTHEAST, INC.
EBSS-SOUTH, INC.
EBSS-MIDEAST, INC.
EBSS-MICHIGAN, INC.
EBSS-EAST, INC.
EBSS-OHIO, INC.
EBSS-PENNSYLVANIA, INC.
EBSS-TEXAS, INC.
EBSS-WEST, INC.
EDISON PUERTO RICO STORES, INC.
EBSCAT, INC.
XXXXXXX CLOTHES, INC.
Z&Z FASHIONS, LTD.
XXXXXXX-ROSSVILLE, INC.
EDISON BROTHERS MALL ENTERTAINMENT, INC.
HORIZON ENTERTAINMENT
TIME-OUT FAMILY AMUSEMENT CENTERS, INC.
TOFAC OF PUERTO RICO, INC.
EDISON BROTHERS STORES INTERNATIONAL, INC.
EDISUR, INC.
EBS HOLDINGS CORP.
SACHA SHOES LTD.
XXXXXX'X OF CALIFORNIA
XXXXXX XXXXXXXX WAREHOUSE, INC.
XXXXX XXXXXXXXXX XXX #0, INC.
EDBRO MISSOURI USG #2, INC.
XXXXX XXXXXXXXXX XXX #0, INC.
INDUSTRIAL DESIGN, INC.,
as debtors-in-possession and
as Guarantors
By:
Name:
Title:
for all Guarantors
Schedule 7.2(c) to Amendment and to Loan Agreement
Fiscal Month Ending Due Date
May 4, 1996 June 18, 1996
June 1, 1996 July 1, 1996
July 6, 1996 August 5, 1996
August 3, 1996 September 17, 1996
August 31, 1996 September 30, 1996
October 5, 1996 November 4, 1996
November 2 1996 December 17, 1996
November 30, 1996 December 30, 1996
January 4, 1997 February 3, 1997
February 1, 1997 May 2, 1997
BANKAMERICA BUSINESS CREDIT, INC., as Agent and as Lender
THE CIT GROUP/BUSINESS CREDIT INC., as Lender
THE FIRST NATIONAL BANK OF BOSTON, as Lender
XXXXXX FINANCIAL, INC., as Lender
IBJ XXXXXXXX BANK & TRUST COMPANY, as Lender
LASALLE BUSINESS CREDIT, INC., as Lender
XXXXXXX NATIONAL LIFE INSURANCE COMPANY, as Lender
c/o BANKAMERICA BUSINESS CREDIT, INC.
00 Xxxx 00xx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
January __, 1997
EDISON BROTHERS STORES, INC.,
debtor-in-possession
EDISON BROTHERS APPAREL STORES, INC.,
debtor-in-possession
000 Xxxxx Xxxxxxxx
Xx. Xxxxx, Xxxxxxxx 00000
Re: Sixth Amendment to Loan Agreement dated as of November 9, 1995 (as
amended, restated, modified and supplemented from time to time, the
("Loan Agreement") by and among Edison Brothers Stores, Inc.,
debtor-in-possession ("Parent"), Edison Brothers Apparel Stores, Inc.,
debtor-in-possession ("Apparel", and together with Parent, jointly
and severally the "Borrower"), the Guarantors named therein,
BankAmerica Business Credit, Inc., as Agent (the "Agent") for the
Lenders referred to therein, and the Lenders
Ladies and Gentlemen:
Reference is made to the Loan Agreement referred to above. Capitalized terms
used but not defined herein shall have the meaning set forth in the Loan
Agreement.
The Borrower has requested that the Agent and the Lenders agree to amend
Section 9.6(iii) of the Loan Agreement to increase the number of store
closings permitted thereunder from 850 to 1100. Therefore, by their
respective signatures below, the Borrower, the Agent and the Lenders agree
as follows:
XX. Section 9.6(iii) of the Loan Agreement is hereby amended by deleting the
number "850" therein and substituting, in lieu thereof, the number "1100".
XXI. The Borrower hereby represents and warrants to the Agent and the
Lenders that the execution, delivery and performance of this letter
amendment has been authorized by all necessary corporate action of the Parent
and its Subsidiaries and by all necessary Bankruptcy Court approvals.
Except as specifically set forth above, all terms and conditions of
the Loan Agreement remain in full force and effect.
This letter amendment will be effective upon receipt by the Agent of
signature pages hereto signed by the Agent, the Borrower, the Guarantors and
the Majority Lenders.
This letter amendment may be executed by the parties hereto
individually or in combination, in one or more counterparts, each of which
shall be an original and all of which shall constitute one and the same
letter amendment.
Delivery of an executed counterpart of a signature page to this letter
amendment by telecopier shall be effective as delivery of a manually
executed counterpart of this letter amendment.
Very truly yours,
BANKAMERICA BUSINESS CREDIT, INC.,
as Agent and as Lender
By:______________________________
Title:
THE CIT GROUP/BUSINESS CREDIT INC.,
as Lender
By:_____________________________
Title:
XXXXXX FINANCIAL, INC.,
as Lender
By:_____________________________
Title
IBJ XXXXXXXX BANK & TRUST COMPANY,
as Lender
By:_____________________________
Title:
LASALLE BUSINESS CREDIT, INC.,
as Lender
By:____________________________
Title:
PPM AMERICA, INC., as attorney-
in-fact for XXXXXXX NATIONAL
LIFE INSURANCE COMPANY,
as Lender
By:_____________________________
Title:
THE FIRST NATIONAL BANK OF BOSTON,
as Lender
By:____________________________
Title:
AGREED:
EDISON BROTHERS STORES, INC.,
a Debtor in Possession, as Borrower
and as a Guarantor
By: ______________________________________
Name:
Title:
EDISON BROTHERS APPAREL STORES, INC.,
a Debtor in Possession, as Borrower
and as a Guarantor
By: ______________________________________
Name:
Title:
EDISON BROTHERS SHOE STORES, INC.
EDISON PAYMASTER, INC.
EDISON BROTHERS REDEVELOPMENT CORPORATION
EDBRO MISSOURI REALTY COMPANY, INC.
EDISON ALABAMA STORES, INC.
EDISON ARKANSAS STORES, INC.
EDISON COLORADO STORES, INC.
EDISON BROTHERS COMPANY
EDISON HAWAII STORES, INC.
EDISON ILLINOIS STORES, INC.
EDISON KANSAS STORES, INC.
EDISON KENTUCKY STORES, INC.
EDISON LOUISIANA STORES, INC.
EDISON MARYLAND STORES, INC.
EDISON MASSACHUSETTS STORES, INC.
EDISON MICHIGAN STORES, INC.
EDISON MINNESOTA STORES, INC.
EDISON MISSISSIPPI STORES, INC.
EDISON NEBRASKA STORES, INC.
EDISON NEW JERSEY STORES, INC.
EDISON NEW MEXICO STORES, INC.
EDISON NEW YORK STORES, INC.
EDISON OHIO STORES, INC.
EDISON OKLAHOMA STORES, INC.
EDISON OREGON STORES, INC.
EDISON PENNSYLVANIA STORES, INC.
EDISON TENNESSEE STORES, INC.
EDISON TEXAS STORES, INC.
EDISON UTAH STORES, INC.
EDBRO OHIO REALTY, INC.
EBSS-MONTANA, INC.
EBSS-NORTH CENTRAL, INC.
EBSS-INDIANA, INC.
EBSS-IOWA, INC.
EBSS-KANSAS, INC.
EBSS-WISCONSIN, INC.
EBSS-NORTHEAST, INC.
EBSS-SOUTH, INC.
EBSS-MIDEAST, INC.
EBSS-MICHIGAN, INC.
EBSS-EAST, INC.
EBSS-OHIO, INC.
EBSS-PENNSYLVANIA, INC.
EBSS-TEXAS, INC.
EBSS-WEST, INC.
EDISON PUERTO RICO STORES, INC.
EBSCAT, INC.
XXXXXXX CLOTHES, INC.
Z&Z FASHIONS, LTD.
XXXXXXX-ROSSVILLE, INC.
EDISON BROTHERS MALL ENTERTAINMENT, INC.
HORIZON ENTERTAINMENT
TIME-OUT FAMILY AMUSEMENT CENTERS, INC.
TOFAC OF PUERTO RICO, INC.
EDISON BROTHERS STORES INTERNATIONAL, INC.
EDISUR, INC.
EBS HOLDINGS CORP.
SACHA SHOES LTD.
XXXXXX'X OF CALIFORNIA
XXXXXX XXXXXXXX WAREHOUSE, INC.
XXXXX XXXXXXXXXX XXX #0, INC.
EDBRO MISSOURI USG #2, INC.
XXXXX XXXXXXXXXX XXX #0, INC.
INDUSTRIAL DESIGN, INC.,
as debtors-in-possession and
s Guarantors
By:
Name:
Title:
for all Guarantors
